Utico would provide working capital and any urgent interim funding to Hyflux as part of the offer ABU DHABI: Utico FZC has submitted a binding offer to invest S$400 million ($294 million) in Singapore's indebted water treatment firm Hyflux Ltd, the chief executive of the United Arab...

Al Zayani described the act as a serious escalation which demonstrates evil intents by those who planned and carried it out Dr Abdullatif bin Rashid Al Zayani, Secretary General of the GCC, has denounced the act of sabotage against four ships near UAE territorial waters in the Gulf of...

Waha said on Sunday it incurred a loss of 95 million dirhams on the disposal of shares in AerCap Abu Dhabi-based investment firm Waha Capital on Sunday reported a first-quarter loss, hit by investment losses in AerCap. The firm made a net loss attributable to shareholders of 57.8...

Integration partnership will enable guests to speak commands that control the guest room’s lighting, thermostat, curtains, sheers, make-up-room and do-not-disturb features Volara –the fully integrated voice-based conversation management software for the hotel industry – and...

Kerzner International Holdings, a leading international developer said its Atlantis Aquaventure is set to become one of the biggest waterparks in the world with the exciting addition of a third action-packed tower, set to open next year.  The incredible 34-m tall Trident Tower will...

Dubai's Roads and Traffic Authority (RTA) said it has awarded a contract worth Dh500 million ($121 million) for the Al Khawaneej Corridor Improvement Project.  The project covers the construction of three main junctions at Al Khawneej and Al Amardi Streets and service roads extending...

Dubai Design District bucks trend with 13.8% jump in last quarter Barring Dubai Design District, office rents fell across the emirate in the first quarter of 2019 with market strongly favouring tenants, a new study released on Saturday revealed. According to the latest research by...

The fund is committed to supporting development projects The Abu Dhabi Fund for Development’s (ADFD) has managed AED 83 billion concessionary loans and government grants since its inception in 1971. The ADFD is committed to supporting development projects in developing countries...

Dubai Health Authority says no surgeries can take place at First Med Day Surgery Centre in Dubai until investigation is complete Two medical practitioners have been banned after performing plastic surgery on an Emirati patient which led to her being paralysed and slipping into a coma,...

Paul A Harden will be responsible for overseeing nuclear operations of the Barakah Nuclear Energy Plant in Abu Dhabi Nawah Energy Company, the joint venture nuclear operating subsidiary formed by the Emirates Nuclear Energy Corporation (ENEC) and the Korea Electric Power Corporation...